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 That's the word on the street. After getting kicked off Wall Street almost a year ago for bad bets on mortgage investments, it looks like ex-Merrill Lynch & Co. chairman and CEO Stan O'Neal is considering a return to financial services in New York.
O'Neal may take a post at Vision Capital Advisors, a three-year-old
hedge fund specializing in PIPE investments and led by stock and bond trader Adam Benowitz
and Harvard Business School finance professor Randolph Cohen,
BusinessWeek reports, citing people familiar with the situation.
The article said O'Neal (pictured) was also looking at other opportunities. O'Neal joined Merrill in 1986, becoming CEO in December 2002. His old firm is still suffering from the mortgage bets and is now being sold for $50 billion to Bank of America Corp. Even though he caught a bad rap for Merrill's losses, O'Neal still has plenty of buddies on the Street. - Baz Hiralal For more Movers & shakers, see The Deal newsweekly's dealmaker section CategoriesComments
From: HARRY HALL,
THANKS, STAN O'NEAL, FOR HELPING DESTROY THE ECONOMY!
Posted on:
October 1, 2008 3:47 PM
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THANKS, STAN O'NEAL FOR HELPING DESTROY THE
ECONOMY! HAPPY GOLFING, YOU LITTLE PRICK!